BEIRUT (Reuters) – Former Nissan chairman Carlos Ghosn has sued the company for more than $1 billion in a lawsuit filed to Lebanon’s public prosecutor last month, according to a copy of the lawsuit seen by Reuters. The May 18 lawsuit accuses Nissan along with two other companies and 12 named individuals of crimes including…
(Reuters) – Alibaba Group Holding said on Tuesday that Eddie Yongming Wu, chairman of its Taobao and Tmall Group, will succeed Daniel Zhang as chief executive officer, in the company’s biggest executive reshuffle since its restructuring. The e-commerce giant announced in March it will split into six business units, each with its own CEO and…
BEIJING (Reuters) – U.S. Secretary of State Antony Blinken said the spy balloon incident with China “should be closed” in an interview with MSNBC posted online on Tuesday. “We did what we needed to do to protect our interests, we said what we needed to say and made clear what needed to make clear in…
(Reuters) – Beleagured U.S. medical technology company Surgalign Holdings filed for a voluntary Chapter 11 bankruptcy on Monday. Surgalign filed for the bankruptcy with estimated assets and liabilities in the range of $50 million to $100 million in the Bankruptcy Court for the Southern District of Texas. The Deerfield, Illinois-based company said in March that…
By Douglas Gillison and Kanishka Singh (Reuters) -A U.S. judge in Florida on Monday ordered defense lawyers for former President Donald Trump not to release evidence in the classified documents case to the media or the public, according to a court filing. The order from U.S. Magistrate Judge Bruce Reinhart also put strict conditions on…
By Sharon Bernstein BERKELEY, California (Reuters) – In the 25 years since California voters banned all consideration of race in college admissions, the state has spent more than $500 million to help create diverse student bodies across the University of California system – with some success. Yet in classes at the University of California at…
By Rich McKay (Reuters) – Months after a grand jury declined to indict eight police officers in Akron, Ohio, who shot dead Jayland Walker, a 25-year-old Black man, his family is seeking at least $45 million in a federal lawsuit – $1 million for each bullet that hit him, the lawsuit says. The case, filed…
By Clark Mindock (Reuters) – A U.S. judge has ordered Canadian energy company Enbridge to shutter portions of an oil pipeline that runs through tribal land in Wisconsin within three years and to pay the tribe nearly $5.2 million for trespassing plus a portion of its profits until the shutdown is completed. U.S. District Judge…
(Refiles to make clear in headline IMCO is a pensions manager) By Tommy Wilkes, Simon Jessop and Supantha Mukherjee LONDON (Reuters) – Canada’s Investment Management Corporation of Ontario (IMCO) has invested $400 million in battery producer Northvolt, which will help the Swedish company expand production of lithium-ion batteries ahead of a possible initial public offering….
By Blake Brittain (Reuters) – Alphabet’s Google on Friday sued a Los Angeles man and his companies in San Jose, California federal court, claiming he created hundreds of fake business listings on its platforms and sold them to real businesses to lure in unsuspecting customers. Fake reviews have been a recurring problem on internet commerce…
